News Release

Sep. 28, 2007: Assigned J-1 to Hayakawa Rubber Bills Receivable ABL07-09(2); Assigned J-1+ to Nippei Toyama Bills Receivable ABL07-09; Assigned J-1 to Toda Kogyo Bills Receivable ABL07-09; Assigned J-1 to Molten Bills Receivable ABL07-09; Affirmed A-/Stable on sr.debts of Konoike Transportation; Affirmed BBB/Stable on senior debts of Intec Holdings; Affirmed BBB/Stable on senior debts of Intec; Assigned AA-/Stable for SMBC Leasing (Sumitomo Mitsui Finance and Leasing);Upgraded MTN from A+ to AA-; Assigned preliminary A- to shelf registration of Nisshin Oillio; Upgraded sr.debts of Makino Milling Machine to A-; Upgraded sr.debts of Okuma Corporation to A-/Stable from BBB+/Positive; Assigned AA-/Stable to sr.debts of Sumitomo Mitsui Auto Service; Affirmed BBB/Stable on senior debts of Fuji; Withdrawn BBB/Stable rating on senior debts of Zojirushi; Withdrawn BB+/Stable and J-3 on sr.debts and CP of Sun Wave; Affirmed J-1 on CP of Tokyu Land; Assigned preliminary BBB to shelf registration of Suruga; Affirmed A/Stable on sr. debts of Izumi

Sep. 27, 2007: Assigned J-1 to Bills Receivable ABL07-09 (B Corporation in Mie); Assigned J-1 to MoonStar Bills Receivable ABL07-09; Assigned J-1 to Ochisangyo Bills Receivable ABL07-09-(1)(2)(3); Assigned J-1 to Nippon Tungsten Bills Receivable ABL07-09; Assigned J-1+ to Kimura Bills Receivable Certificates/ABL07-09; Affirmed BBB+/Stable on senior debts of Nippon Sheet Glass; JCR Withdraws AA- and A+ rating on EMTN of TTB Finance Cayman; Upgraded rating on sr.debts of Yasuda Real Estate to BBB+; Downgraded NIS Group to BB+; Downgraded Nissin Servicer to BB+

Sep. 26, 2007: Assigned J-1 to Osaka Steel Tube Bills Receivable ABL07-09; Assigned J-1 to SEIBUKIZAI Bills Receivable ABL07-09; Assigned preliminary A to shelf registration of Fuyo General Lease; Upgraded sr.debts of Kowa Shinagawa Development to BBB+/Stable; Affirmed AA-/Stable on sr.debts of Yamaha Corporation; Affirmed BBB-/Stable on sr.debts of Miyoshi Oil & Fat; Affirmed J-1 on CP program of Sanyo Special Steel

Sep. 25, 2007: Assigned J-1+ to MSNW Trust Certificate Series 07090; Assigned J-1+ to Amano Bills Receivable Certificates/07-09; Assigned J-1 to healthcare fees receivable ABL07-09 (Kyowakai); Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL07-09; Assigned J-1 to Fuji Shokai Bills Receivable ABL07-09; Affirmed BBB- for Kyosei Rentemu; Revised outlook to Stable; Removed CM and upgraded Sumitomo Wiring to AA/Stable; Affirmed AA/Stable on sr.debts of Sumitomo Electric Industries; Assigned preliminary BBB- to shelf registration of Zephyr; Affirmed A+/Stable and J-1 on sr.debts and CP of Ito En; Affirmed A on EMTN programme of Tokyo Leasing; Withdrawn A/Stable rating on senior debts of Itochu Finance

Sep. 21, 2007: Assigned J-1+ to ABCP of Total Asset Funding Corp.; JCR Upgraded sr.debts and CP of Mitsubishi Motors to BB/Stable and J-3
JCR Upgraded MTN program of Mitsubishi Motors Credit of America to BB-
JCR Upgraded MTN program of MMC International Finance Netherlands to BB-; Affirmed AA-/Stable on senior debts of Awa Bank; Upgraded sr.debts of Marubeni-Itochu Steel to A from A-; Affirmed AA- for Toyota Boshoku; Revised outlook to Positive

Sep. 20, 2007: Affirmed AA/Stable on sr.debts of Chugai Pharmaceutical; Affirmed BBB-/Stable on senior debts of Sogo Medical; Affirmed BBB+/Stable and J-2 on senior debts and CP of Toho Zinc; Assigned preliminary A+ and A on shelf registration of Mizuho Trust & Banking; Assigned BBB- to bonds of Japan General Estate; Assigned AA- to bonds of Orix

Sep. 19, 2007: Assigned J-1 to healthcare fees ABL07-09 (Asahikawa Sanai HP); Assigned J-1 to healthcare fees receivable ABL07-09 (C Hospital); Affirmed BBB+/Stable on senior debts of Sankei Shimbun

Sep. 18, 2007: Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed J-1+ on ABCP following review of Credit Enhancers; Affirmed J-1+ on ABCP following review of Credit Enhancers; Assigned J-1 to healthcare fees ABL07-09 (D Hospital); Assigned J-1 to healthcare fees ABL07-09 (E Hospital); JCR Affirmed J-1+ on ABCP following review of Credit Enhancers; Upgraded Class D bonds of Trust Maison to A-; Assigned preliminary A- to shelf registration of IBJ Leasing; Affirmed A-/Stable on senior debts of Fukuyama Transporting; Affirmed A-/Stable on senior debts of Higashi-Nippon Bank; Affirmed BBB+/Stable on sr.debts of Tonami Transportation; Affirmed BBB+/Stable on senior debts of Hakuto

Sep. 14, 2007: Assigned A to bonds of Takara Holdings; Affirmed A-/Stable on sr.debts of Asahi Broadcasting; Upgraded sr.debts of Kanamoto to BBB from BBB-; Affirmed A+/Stable and A on sr.debts and sub.bonds of Hiroshima Bank; Downgraded rating on CP of Credia to D from NJ

Sep. 13, 2007: Assigned J-1+ to Takeda Gen. Hospital Trust Certificates 07-09; Assigned J-1 to healthcare fees ABL07-09 (Heiwa & Konbu Onsen); Assigned J-1 to healthcare fees receivable ABL07-09 (A Hospital); Assigned A to bonds of Sumitomo Realty & Development; Assigned AAA/Stable to senior of Tokio Marine Financial Solutions; Downgraded Shinki to #BB+ with developing direction to it

Sep. 12, 2007: Affirmed BBB- for GS Yuasa and Revised outlook to Positive; JCR Assigned A+ to bonds of Daiwa Securities Group; Assigned BBB to subordinated bonds of Bank of Kochi; Affirmed A+/Stable on senior debts of Eighteenth Bank; Affirmed A/Stable on senior debts of Denki Kagaku Kogyo; Affirmed A-/Stable on senior debts of Tosoh Corporation; Affirmed Ap/Stable on sr.debts of Hitachi Maxell; Assigned A to bonds of Sankei Building; Assigned BBB to bonds of Sojitz; Assigned AAA to bonds of Development Bank of Japan; Assigned AAA to bonds of Electric Power Development Company; Assigned AAA to bonds of Tokyo Electric Power Company; Affirmed BBB- for Best Denki; Revised outlook to Negative; Assigned BBB to bonds of Daikyo Inc.

Release Information: News Release; Issuer Reports; Reports relating to Issuer; JCR News